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Contribution of Islamic Social Capital on Green Economic Growth in Malaysia

Author

Listed:
  • Hamid, Nazrah Abdul
  • Muda, Ruhaini
  • Alam, Md. Mahmudul

    (Universiti Utara Malaysia)

  • Omar, Normah
  • Nadzri, Farah Aida Ahmad

Abstract

This paper studies the relationship between social capital on the green growth in Malaysia, with the aim of ascertaining whether faith based social capital has a role in sustaining economic growth. The study utilizes the annual data over the period of 1970-2015. This study employs the Autoregressive Distributed Lag (ARDL) model and causality using the Vector Error Correction Model (VECM). The findings demonstrate the long and short-run associations between social capital and green growth in Malaysia. The causality only runs in a unidirection from social capital to the green economic growth. The findings have important policy implications for green economic growth measurement to account for social well-being and to fulfil the objectives of Islamic Sharia.

Suggested Citation

  • Hamid, Nazrah Abdul & Muda, Ruhaini & Alam, Md. Mahmudul & Omar, Normah & Nadzri, Farah Aida Ahmad, 2020. "Contribution of Islamic Social Capital on Green Economic Growth in Malaysia," SocArXiv g9zc2, Center for Open Science.
    • Handle: RePEc:osf:socarx:g9zc2
    DOI: 10.31219/osf.io/g9zc2
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    References listed on IDEAS

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    6. Max-Neef, Manfred, 1995. "Economic growth and quality of life: a threshold hypothesis," Ecological Economics, Elsevier, vol. 15(2), pages 115-118, November.
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